Luxe Austin Homes - central tx

"Hill Country Studios secures zoning, annexation approvals to keep massive project on schedule"

Austin Business Journal reports, "a quarter-billion-dollar film studio planned south of Austin has secured key approvals that should keep the first pieces on track to open next year.

Hill Country Group LLC on Aug. 1 received a second and final approval from San Marcos City Council to annex and zone pieces of what's earmarked to be the $267 million Hill Country Studios project on 209 acres at 6202 W. Centerpoint Road, in the La Cima master-planned community.

It's a significant milestone for a project that has turned heads for more than a year and could eventually provide more than 800,000 square feet of studio facilities at full buildout, including 12 purpose-built sound stages, four workshops and more than 200,000 square feet of production…

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"Austin housing economist: forecast calls for cooling home prices, lower mortgage rates"

Shonda Novak of Austin American-Statesmant writes,  "last week, I attended the Austin Board of Realtors' second annual Central Texas Housing Summit. It was loaded with facts, figures, insights and prognostications about the Austin-area housing market. One panel featured the board's housing economist, Clare Losey; Mark Sprague, a longtime Central Texas housing market analyst with Independence Title; and Selma Hepp, CoreLogic's chief economist who gave a national economic update.

Below are a few takeaways with Losey's outlook for the Austin metro's housing market over the next several months. Losey made the comments in a weekly audio interview called "Driving It Home" that features Losey and the board's CEO, Emily Chenevert.

• Inflation will continue…

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"Upscale homes still on rise in Lake Travis-Westlake as real estate market returns to normal"

Community Impact Austin writes, "while many areas in the Hill Country are built out, including West Lake Hills and Rollingwood, the Lake Travis area still has many high-end residential real estate developments in the works.

Residential developments continue to be a significant area of focus in Bee Cave, Lakeway and Spicewood.

“In areas like Westlake, there isn’t anymore land—everything’s developed, so there isn’t room for new construction,” said Michelle Jones, a real estate agent for Grossman & Jones in Bee Cave. “We’re fortunate in our market in Lake Travis because we have land going out toward [Hwy.] 71.”

Jones said although there are a couple of multifamily developments in the area, single-family homes, often associated with a plethora of…

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"As Austin housing returns to pre-pandemic levels, some buyers are seeing opportunities"

Austin American-Statesman writes, "the Austin housing market is starting to look a lot more like 2019, before the pandemic sent demand and prices skyrocketing to record highs.

For the past three years, multiple offers, bidding wars and all-cash deals became the norm for those hoping to get into a home in Central Texas. Now, the picture is changing.

That's the upshot from a report on the June housing market by the Austin Board of Realtors. Here are the takeaways:

• Last month, residential home sales in the metro area declined 8.5% year over year to 3,147 closed sales while the median price dropped 9.6% to $483,000.

• New listings declined 23.6% year-over-year to 4,638 listings.

• The number of homes on the market jumped 38.4% to…

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